Boston Partners Adds $55M in Bank of America Corporation ($BAC)
Boston Partners added 965,751 shares of Bank of America, raising its stake by 12.3% to 8.84 million shares.
Key Points
- Boston Partners increased its Bank of America holdings by 12.3%, adding 965,751 shares to reach a total of 8,838,991 shares.
- Shares of NYSE:BAC traded near $57.37 on Tuesday, with a market cap of $407.1 billion and a P/E ratio of 14.24.
- Analysts maintain strong buy ratings with price targets around $59 to $64, while CEO Brian Moynihan made recent share transactions.
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Boston Partners has increased its stake in Bank of America Corporation (NYSE:BAC) by 965,751 shares, according to its latest Form 13F filing with the SEC. This move represents a 12.3% boost in its holdings, bringing the total to approximately 8.84 million shares valued at about $507.1 million as of the reporting period.
Boston Partners vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Boston Partners' Bank of America Position
Boston Partners has grown its position in Bank of America by 12.3%, adding 965,751 shares. This increase brings its total stake to 8,838,991 shares, with a reported value of $507.1 million. Prior to this, the fund held 7,873,240 shares.
Other Institutional Activity in Bank of America
Other major institutional investors have also been active with Bank of America. BlackRock, Inc. reduced its holdings by 3,217,508 shares, leaving it with 539,258,516 shares valued at about $26.3 billion. Similarly, Berkshire Hathaway Inc. cut its position by 3,671,769 shares, holding 513,624,165 shares worth approximately $25 billion. Vanguard Capital Management LLC opened a new position with 409,704,665 shares, valued at nearly $19.97 billion. State Street Corp reduced its stake by 4,590,520 shares, ending with 301,309,309 shares valued at $14.38 billion. FMR LLC decreased its holdings by 16,296,846 shares, totaling 198,484,617 shares worth about $9.68 billion.
Bank of America Corporation Stock Down 8.6%
On Tuesday, shares of Bank of America (NYSE:BAC) traded near $57.37. The company has a market capitalization of $407.1 billion and a P/E ratio of 14.24. Its forward P/E stands at 11.36, with a beta of 1.196. Over the past year, the stock has ranged from a low of $44.75 to a high of $57.98. The 50-day moving average is $52.85, and the 200-day moving average is $52.23.
$BAC stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Bank of America reported revenues of $109.59 billion, reflecting a growth of 8.1%. The bank's net margin stands at 28.96%, with a return on equity of 10.64%. Earnings per share were reported at $4.03. The next earnings release is scheduled for July 14, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
6 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 8.6%. Revenue met estimates.
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Profit surprise
Operating income missed by 10 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
6 target raises.
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Earnings quality
Gross margin up 40.5 points. Operating margin up 17.1 points. Positive free cash flow.
Earnings Call Summary
Bank of America delivered strong first quarter results with revenue up seven percent year over year to thirty point three billion dollars and earnings per share up twenty five percent to one dollar and eleven cents. The bank benefited from robust client activity, improved efficiency with operating leverage of two hundred ninety basis points, and stable asset quality with provision expense down to one point three billion. Management highlighted strength across all business segments, particularly in investment banking which was up twenty one percent, equities trading which had its best quarter ever, and wealth management which showed solid client flows and margin improvement.
Guidance Bank of America raised its full year net interest income growth guidance to six to eight percent from prior expectations. The bank expects continued balanced loan and deposit growth to support this outlook, with net interest income already up nine percent year over year in the first quarter. Management noted that net interest income exceeded expectations at fifteen point nine billion dollars.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
The company offers an annual dividend rate of $1.12, yielding 1.99%. The dividend payout ratio is 27.3%.
Insider Buying and Selling at Bank of America Corporation
CEO Brian Moynihan has been active with share transactions. On June 15, 2026, he sold 18,083 shares at an average price of $55.87, while also purchasing the same number of shares. Earlier, on May 15, 2026, Moynihan sold 18,083 shares at $49.77.
Analysts Set New Price Targets
On April 16, 2026, Piper Sandler maintained a hold rating with a $59 target, while Oppenheimer and Evercore ISI Group both maintained buy ratings with $61 targets. Truist Securities also maintained a buy rating with a $61 target. RBC Capital reiterated its buy rating with a $59 target. Keefe, Bruyette & Woods maintained a buy rating with a $64 target.
About Bank of America
Bank of America Corporation is a major financial services company headquartered in Charlotte, North Carolina. It offers a wide range of financial products and services through its four segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The company serves individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Led by CEO Brian Moynihan, Bank of America employs approximately 212,000 people.
Bottom Line
Boston Partners' decision to increase its stake in Bank of America reflects confidence in the bank's performance and future prospects. Investors keep a close eye on such filings as they provide insights into the strategies of large institutional players. It's important to remember that 13F filings are historical and may not represent current positions.
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